At the Chicago Mercantile Exchange, live cattle closed lower, and feeder cattle were mostly lower on follow-through selling and a higher dollar. October live cattle closed $.22 lower at $106.47 and December live cattle closed $.42 lower at $110.17. September feeder cattle closed $.62 higher at $141.70 and October feeder cattle closed $1.62 lower at $140.62.
Another relatively quiet day for direct cash cattle trade activity. There were a handful of deals reported in the North at $164 dressed, but that’s not near enough to establish a trend. Early asking prices surfaced in the South around $106 plus live, but the rest of cattle country remains quiet.
